FILE PHOTO: The logo of Alibaba Group is lit up at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang/File Photo
November 20, 2021
BEIJING (Reuters) – China’s State Administration of Market Supervision found 43 cases that violated regulations under antimonopoly legislation, involving companies including Alibaba, Baidu and JD.com, and imposed penalties, according to a notice from the regulator.
Enterprises involved in the cases would be fined 500,000 yuan ($78,000), it said.
($1 = 6.3863 Chinese yuan renminbi)
(Reporting by Gabriel Crossley; Editing by William Mallard)
Source: One America News Network
